Tokyo Seimitsu Co., Ltd. (TSE:7729) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 1.72% of its share capital, for ¥2,500 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until April 30, 2023. As of December 31, 2022, the company had 40,687,240 shares outstanding (excluding treasury shares) and 1,207,241 shares in treasury.